Unreal. Obama Lectures Spanish Prime Minister Zapatero on Reining in Debt
Posted by Jim Hoft on Tuesday, May 11, 2010, 11:16 PM
The man has some gall.
Barack Obama lectured (fellow) socialist Prime Minister Jose Luis Zapatero of Spain today on reining in the country’s debt. This comes from the same man who just tripled the US national deficit in less than one year.
Unbelievable.
The AFP reported:
US President Barack Obama spoke to Spanish Prime Minister Jose Luis Rodriguez Zapatero Tuesday on the debt crisis and discussed reforms needed to rescue the Spanish economy, the White House said.
The conversation was the latest move by Obama in the European crisis, and White House spokesman Robert Gibbs said Washington would do whatever was needed to stop the eurozone turmoil from stifling the US recovery.
The leaders “discussed the importance of Spain taking resolute action as part of Europe’s effort to strengthen its economy and build market confidence,” Gibbs said in a statement.
“The president expressed the support of the United States for those efforts. The president also conveyed his best wishes to King Juan Carlos for a speedy recovery from his recent surgery.”
More… Kudlow has more on the European rescue.
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Estragon commented:
The arrogance and shamelessness of this petty, pissy, prancing, preening peacock of a President never ceases to amaze.
Opus #6 commented:
And Obama has set a good fiscal example HOW?
redc1c4 commented:
i can’t get a reading on my clue detector until i reverse polarity so it can detect in the negative range.
Ear Leader isn’t “stuck on stupid”, he’s carved from it.
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The Caffeine Talking commented:
a little projection there, mr. Obama????
The Elephant\'s Child commented:
Obama does feel the need to lecture to other heads of government. Perhaps it’s the sense that America is the world leader (something he’s valiantly trying to fix) that makes him feel that is an acceptable posture. He remains popular with the people of many countries, but he has made no friends among national leaders. Possibly they find him a bit arrogant?
Joe College commented:
Obama is backing the European debt with more than $50 billion of our money in order to keep the stock market up through election day in November.
Guess what the Europeans are calling this American aid? Le Tarp.
http://news.google.com/news/search?aq=f&pz=1&cf=all&ned=us&hl=en&q=Le+Tarp
Daniel commented:
How many other countries still have outstanding loans with us?
mike191 commented:
The media always purported that America was alienating Europe by President43.That our likeability quotient was forever tarnished by Bush.Today,you have Mr. Hubris patronizing all the heads of Europe, old and new alike.To the European Elite: “be careful what you wish for..”
LimoLibsStink commented:
0bama:
Let me be clear, Spain must take resolute action to rein in debt. They can’t keep running up their credit card!
Although I have never had an honest job in my life and I know nothing about economics, I think we spend ourselves of debt. It’s simple. if the American people will not spend, the Federal Government will!
I plan to be increasing Tax Payer’s liabilities by $10 to $20 trillion over next decade. That should put us on par with Spain in a few years. Then we can go hat-in-hand to China and ask to borrow more.
My limousine is running and I have a meeting the Barney Frank, Fannie Mae and the Federal Reserve. It is fun to spend other people’s money. I don’t know why anyone would what to be Lender or a Tax Payer! They suck. Good day.
Zachriel commented:
Jim Hoft: This comes from the same man who just tripled the US national deficit in less than one year.
You keep repeating the error. Bush’s last budget (October 2008-September 2009) led to a $1.4 trillion dollar deficit due to the fiscal debacle and economic collapse at the end of his term in office.
Zachriel commented:
That’s what happens when you break your economy.
BigAlSouth commented:
Name me just one Liberal Socialist politician who does not live by the creed:
“Do as I say, not as I do.”
Al Gore’s mansion(s), Hollywood limos, John Edwards fidelity.
J commented:
The spanish spurned aznar’s successor and chose an inferior product with the expected results….then they re-elected this sap.
Almost 50 percent of USA voters polled still support our failed experiment….and could re-elect him.
No wonder he thinks he can lecture the world.
avery commented:
Bush deficit was550 billion until he sign the bail out that was to bail out every one,that toke up to 1.3 trillion. Have many trillion has Obama gave to his friend since then.Fannie mae and Fredie max already got their hand out again.
Now That's Funny commented:
hahahahahahahahahahaha…
It’s a joke, right?
(If only.)
marmo commented:
Obama really doesn’t understand how ridiculous he sounds, does he? You can add Pelosi and Reid to that sentiment, too.
Stuart commented:
This will likely be seen by the Spanish as an insult. When O isn’t insulting Rush Limbaugh by telling him to “go play with yourself”, he’s insulting Zapatero. A good day’s work done,O. Your nothing if you’re not classy.
more \ commented:
US More Bankrupt Than Ever – $83 Billion April Deficit Is Record For The Month, $30 Billion Worse Than Expected As Tax Receipts Plunge
Well, if nothing else, we now know officially just how great those tax receipts were, and yes. We were right. April’s tax deficit of $83 billion was the highest April deficit on record. America is now more bankrupt than ever.
Income was $245.3 billion, 8% below the total recorded last April.
Spending was $328.0 billion, up 14% year-over-year.
A year ago in April the deficit was $20.9 billion.
And here is the data: tax receipts down 7.9% YoY, Individual Income Tax down 21.5% YoY, and more importantly, spending: Total spending up 14.2%, National defense up 17%, Medicare up 39.4%, Social Security up 4.2% and General Government up 5.6%. At least interest payments were down 9.5%.
HT zerohedge
twice as bad as above commented:
The real number is $175.6 billion, more than double the reported amount, and the cumulative year-to-date (calendar years) is $637.4 billion, or a run rate (annualized) of $1.912 trillion.
http://market-ticker.denninger.net/archives/2309-Record-Deficit-For-An-April.html
Citzen Cue commented:
Obama lecturing on debt is like Traci Lords lecturing on chastity.